there's obviously, as brynn mentioned, you know, the fed is r r resolute they likely will continue to hike throughout the end of the year the labor market is still strong so it's a mixed bag. we still remain relatively defensive with health care and energy being primary sectors that we like going forward but i do think there's an opportunity for fixed income, and as you look at a balanced portfolio going forward, and i think that is something to make sure that you pay attention to stay patient in this market. you don't need to chase here there's still a lot of volatility ahead that's how we're looking at the markets going forward. >> so jason's point, i'm looking at the yield, the dividend yield, so to speak, or the payout yield for high-yield junk bond type etfs and they're now north of 5%. that's a lot higher than they were just a month or two ago it makes sense as the price versus come down but is this attractive and i'm not talking investment grade. i was referring to high yield. investment grade and high yield are now both maybe more att attractive instruments for fixed investors

brynn, do you agree with it? do you agree with it is now a right time to buy the "q"s >> i definitely agree with his patience and timing, right but i think where -- with joe, what i'm thinking through is, we actually sold the "q"s when it hit its 200 someday. and what we did was took advantage of that rally and went into jepq which owns the nasdaq 100 but sells calls against it i agree that technically we are very oversold here but what i think through -- and joe, might be doing if there are a trade. i'm doing this as an investment. scott, it's been a wonderful ten years for the nasdaq if you go back to 2012, the trailing pl on the nasdaq was 15 right now it's at 25 and rates are probably going to go about 75 to 100 basis points higher that's where i struggle from a trading perspective. pain you get a little bit of bounce i still think the nasdaq stocks are going to remain under pressure until we get a better narrative out of inflation and the fed. >> okay. i know you heard wiess there we need to explain to him w

. >> cnn's brynn gingras is following this for us. brynn help us understand the moments leading up to that moment. >> they were are serving a search warrant at 2:30 in the morning. and just so you know that is within the columbus police department's policy. that's also not abnormal for officers to serve a search warrant overnight. according to the police department officers announced that search warrant and tried to get into the house for about eight to ten minutes before they were actually let in. they announced hey, listen, anybody else home? nobody was coming out. they put the dogs in. and that is when they realized this dog was sort of focusing on this one door. and that's why they approached that door. now, the big question here is that video that you just showed, that moment basically when that officer opens the door and immediately fires the shot at 20-year-old donovan lewis, which ended up taking his life. the big question is why was that shot taken so quickly? of course the police department saying he didn't come out. you kno

. >> brynn, what else did we hear from the families. >> reporter: it was incredibly emotional. there were three family members that came to the stand today. two of them had children that died and one was the daughter of the principal who was killed and basically they just described their loved one, described what life was like when they had alex jones and his followers say their deaths were a hoax and then talk about just the fear and safety that they continued to live in as he continues to spread this conspiracy online even now almost a decade after this happened. >> all right, brynn, thank you so much. >>> our out of this world lead is still stuck on the ground. during a test today nasa engineers again detected hydrogen leaks on their new moon rocket and one cropped up at the same time in the countdown that earlier leaks forced nasa to postpone it weeks earlier. a second leak turned up before the test ended. nasa says all of today's objectives were met. they'll analyze today's data before deciding whether to try launching this mission next week. also in our out of this world

cnn's brynn gingras has more. >> reporter: pam, it was hard to sky what was accomplished in court. because as you said there was a screaming match going on between the objections, the judge, the defense attorney, alex jones yelling. at one point, the judge some to turn to alex jones and said to him, this is not a press conference. this is not your show. you need to respect the rules of the courtroom. that is what was happening. i want to bring to your attention where the plaintiff's attorney showed a video of a man who lost his daughter. and talked about hey, these families are real. they're sitting in the courtroom. this was a fiery exchange, take a listen. >> you have families in this courtroom here that lost children, sisters, wives. moms. >> do we have china? i've already said i'm sorry at times. and i'm done saying i'm sorry. america may be to the blame as the left did so we objected. but i legitimately thought it might be staged. i stand by that and i apologize for that. >> don't apologize, mr. jones. please don't apologize. >> i've apologized to the parents. i don't apologiz

cnn cn cnn's brynn gingras. >> reporter: the defense attorney said it was his decision to make, but it does come after very explosive testimony from alex jones the day before where the plaintiff's attorneys questions him on a number of things leading to some vary fiery exchanges. here's one. >> you have families in this courtroom here that lost children, sisters, wives, moms. >> >> are we in china? i already said i'm sorry. i'm done saying sorry. the americans are being blamed. it was rejected. i stand by that, and i don't apologize for it. >> don't apologize, mr. jones. please don't apologize >> i've already apologized to the parents over and over again. i'm not apologizing to you. >> objection. objection, argumentargumentativ >> it's hard for me to get a word in edge-wise. >> reporter: after that happened the judge warned not only jones but both attorneys they could be held in contempt of court if this kind of manner continues. we heard from a number of victims' family members who talked about their loved ones who died in 2012 and how their lives continue to be impacted by not only j

brynn gingras, cnn. >>> some potential military con scripts in russia are making a decision with their feet rushing out of the country as the mobilization gets underway. that story is ahead. plus -- >> two years ago if you would have said four years ago roe v. wade will be overturned, i would say you're crazy, it never will happen, but it happened. >> abortion rights looking towards the november mid term elections. republicans talking about crime and border security. i'll preview the top voting issues.. an fda-approved insosoma medication for adults. you wowould t believe the things i used to think about when i couldn't sleep. hey, linds. i need you to sign this business contract. all 114 pages. lindsey, lindsey!! hey, lindsey! it's workout time. hey, big man, we're in the middle of something here. yeah, it's called physical fitness. just a couple dozen more questions, lindsey. don't forget to pack your phone charger for tomorrow morning's flight. it's plugged in right over there. insomnia can impact both my days and my nights. that's why i take quviviq nightly. quviviq can help you fa

brynn, remind us what ban nonis accused of doing here. >> he's accused of taking about $1 million and diverting it for personal use and telling donors who gave that money that it was going to go to the construction of a wall at the southern border, but he's accused on spending this for personal use. if this sounds familiar to you, that's because in 2020, he was federally charged for similar conduct, but then president trump pardoned him on those charges, so obviously that case never moved forward. so sources told my colleague that that's when the state investigators of the manhattan district attorney's office opened their own investigation into similar conduct. and keep in mind, a pardon by a president doesn't apply to a state investigation. they're also telling her that people close to ban nondid come in for that grand jury seating providing testimony, giving evidence. that's where we are today with an indictment that we've learned he will turn himself in on those state charges. we don't exactly know what those charges are because the indictment is not unsealed as of yet. we will lea

cnn's brynn gingras here in the details. good morning, brynn. >> john, broorng. esteemed colleague in the financial colleague is one way the independent chair of the board of directors is remembering gustavo arnal this morning. the 52 is also a father and husband. police found arnal's body friday after a law enforcement source tells cnn he jumped from the balcony of his 18th floor apartment in a manhattan high-rise. his wife witnessing it. no criminality is suspected according to that source. arnal the chief financial officer of bed, bath & beyond had been with the company for more than two years. the board's chair saying he was instrumental in guiding the organization throughout the coronavirus pandemic, transforming the company's financial foundation and building a strong and talented team. the company, though, struggling as of late. cnn reporting last week that bed, bath & beyond is trying to avoid bankruptcy by shrinking, resulting in layoffs for 20% of its workforce, closing 150 locations and dumping several of its in-house brands. less than two weeks ago ar

brynn, what can you tell us? >> wolf, listen, alex jones was getting agitated with the line of questioning going on in this day one of his testimony. he was turning red in the face. he was yelling. but he wasn't the only one yelling. there was also the defense attorney, the plaintiff's attorney, and the judge having to settle everyone down. i want to show you one of those exchanges that happened when the plaintiff's attorney pointed to all the families sitting in that courtroom who lost their loved ones in sandy hook and talking about how he has said they're not real, this is all a hoax. i want you to see what he says next. >> i've said hundreds of times and i'm done saying i'm sorry. i wasn't the first person to say it. americans are blaming me for this and we rejected it. i legitimately thought it might be. >> please don't apologize. >> i already apologized to the parents over and over again. >> objection, objection. objection. >> you're in a court of law. you have to follow the rules. they are accountable to m

brynn gingras joins us now. what's the story? what are the facts surrounding what we just saw? >> it's so important there, john. police were trying to arrest a man who they say was wanted for murder and allegedly had a ghost gun on him when you see that 19-year-old step in. she strikes one of the arresting officers who then tries to fend her off, hitting her and that's when you see her fall to the ground. this altercation was caught on cellphone video but then the nypd released body cam footage as well. that teen was arrested and tlis did recommend she be charged with assaulting a police officer, harassment and resisting arrest, but prosecutors charged her instead with a misdemeanor and she was released from holding. that officer is now under internal review and the mayor of new york city is defending his actions this morning. >> but let's be clear. they were arresting a person who was being pursued for attempted murder, he was armed with a ghost gun in his belt and people got in and interrupted while police were taking action. that's just -- can't happen. >> you mean to tell m

brynn, you're first. >> first, cows it is a factor-based etf that screens for the hundred highest free cash flow-yielding companies in the s&p two biggest sectors are energy at 27% and health care at 22 has a free cash flow yield of 12.5 and a p\e of 6.5 and a dividend of 2.5. >> okay. thank you. shannon? >> quest diagnostics, djx. also, joe, come on in, the water's fine the djx is 4 to 5% revenue growth, 7 to 9% epps growth, and really a defensive in a land of defensive. one of only two major providers in the country >> okay. >> lily, their alzheimer's drug is great too i think you can continue to own it >> weiss >> eqt don't know why it's moving today, but i think they'll come back >> northrop grumman. >> i'll see you in overtime. "the exchange" is now. >> here's what's coming up on this fascinating friday. stocks are mixed, the dow is down, but green for the s&p 500 and nasdaq maybe a little good news, september is over. mercifully the dow ending its worst month since worst september in 20 years. given we had more inflation data and stocks are mostly higher, is that a good sign movi

cnn's brynn gingras has that story. >> reporter: yeah. it was an emotional start to this trial in connecticut where we heard from an fbi agent, as well as at least one family member of those newtown families who lost loved ones in that horrific, horrific school shooting massacre back in 2012. it was listening to pwreuz any paz on the stand. she spent 15 hours the last few days, the company spokesperson for free speech systems, the company owned by alex jones. and the plaintiff's attorneys brought her on to debunk some of the theories he put out there. talking about it was a hoax in general, that they never used google analytics as a tool. and saying they were crisis actors. >> free speech doesn't contend that he is. >> is he an actor? >> no. >> dylan hawkly an actor? >> no. >> is daniel barton an actor? . >> is emilie parker an actor? >> no. >> so you can see right there it was such an emotional moment in the courtroom where the camera panned to some of the families that were sitting there. our courtroom reporter erin keeper said they wer

cnn's brynn gingras joins us now. the police chief says it appears -- it appeared to responding officers that lewis was holding something. is that right? >> reporter: yes. so they think he was holding a vape pen, some sort of vape pen looking item was found near him. he was still alive when police officers actually entered that room. i can tell you what the big question here is, you saw it from the video, guys, is that the officer fires his gun almost immediately after that door is opened, and you can see the 20-year-old donovan lewis standing up and with one arm up. that's the question. why did it happen so quickly? it is also important to note in this narrative that officers were doing that search warrant, 2:30 in the morning, they sat outside that apartment for what they say eight to ten minutes, telling people to come out, that they were going to go in and do this search warrant and they waited until two people came out. then they sent this a dog because they knew that there was more people in there. including don

brynn -- actually, sirat, i was going to you first, my apologies. what's your read of this news? it is causing the stock to rise. >> i think facebook came out with these huge expectations of growth, billions of dollars to the meta and i think this is a good thing. reigning in costs is really important, as we go into potential advertising slowdown, as well pb so to me, looks like the company is making the right moves, cutting costs and focusing on expirational expertise. i think it's good. they have to deliver it's been an ugly stock. it's been one of our who's performers, but i do believe there's a lot of value there >> i can think of, you know, okay, reigning in costs is one thing. reigning in costs when you need to spend for what you've determined the future of your company to be, you've sold investors on that vision, and it is a long-term vision. so if you're reigning in costs now, does it prolong the runway of getting to your vision? >> i've told you before, i'm more of a tourist in this stock. i bought it probably 30 points ago. and this is a textbook to me, growth name that

brynn, thank you. >>> there's new info on how the covid pandemic impacted students nationwide. national test scores in math and reading plummeted to levels not seen in decades. this is according to the national assessment of educational progress, also known as the nation's report card. >> this is the first report that compares pre-pandemic scores to post-pandemic scores, and it shows the impact of children staying at home and learning virtually. cnn's gabe cohen has this one for us. gabe, what did the report find? >> reporter: well, look, victor, alisyn, right now, schools are scrambling to get kids the resources they need, but this test result really shows the uphill battle that the pandemic has created. just look at these results again. the overall reading score on this test, down five points. that is the worst dropoff since 1990, and the math score, down seven points. that is the first ever decline in math. now, scores for students in just about every demographic declined, but the kid who were hit the hardest were the ones who were already struggling in school. their scores

cnn's brynn gingras is here, the understatement of the century. >> how do we get tickets to this next match. that's what i want to know. this was not an easy match for serena, she hasn't exactly been playing what we're used to. her play in this tournament may be surprising and thrilling for us, but she wasn't surprised. she just beat the number two player in the world, saying in her postgame interview i'm just serena and guess what, we're not done with her yet. >> reporter: serena williams is not done yet as she continues her magical run at the u.s. open. in front of a packed ruckus crowd at arthur ashe stadium, including celebrities honoring her career, she defeated o world number two anett kontaveit two sets to one in the second round of the tournament. >> she played great. i was ready for a tough match, i didn't think that anything was going to come easy for me. >> are you surprising yourself with your level? >> no, i know. i'm just serena. i have absolutely nothing to lose and honestly i never get to play like this since '98 really. literally i have had an x on my back since '99 s